DEHRADUN: In what should come as much-needed relief for the state government, the number of sick micro, small and medium enterprises (MSMEs) has witnessed a downswing in Uttarakhand, according to the latest data released by the RBI.
The apex bank has compiled data on sick MSMEs and pending loans across the country in order to suggest remedial measures to be taken by the Centre. As per the report, Uttarakhand has 3,446 sick MSME units with a total pending loan of Rs 195.96 crore. The all-India figure for such sick units is 5,16,619, while the pending loan amount is a staggering Rs 33,378 crore.
According to PHD Chamber of Commerce and Industry (PHDCCI), Dehradun chapter, the state has over 2 lakh MSMES with different financial grading. Regional director, Anil Taneja, said: "The 2013 tragedy has hit the state industry, including MSMEs, in a big way. Now many of them have downed their shutters."
The RBI report states that in March 2014, Uttarakhand had 15,810 sick units, while the figure in the corresponding month this year has fallen to 3,446. Similarly, the total debt owed by these sick units has fallen from Rs 1,848 crore in 2014 to Rs 195 crore this year.
Industry watchers in the state have cheered the news but want a host of initiatives from the state government. Industrialist Amit Minocha said: "The number of sick units has come down in the state, but the growth is static. There are hardly new industrial units coming up in the state. Efforts have been made in floriculture, but there is need to provide better warehousing facilities."
Taneja also stressed on the need of registration of MSMEs in the state to provide them more tech knowhow and marketing. In Uttarakhand, micro industrial units are defined as those with financial worth of up to Rs 25 lakh, small industrial units as those with has financial capacity of up to Rs 5 crore and medium industries as those with capacity of Rs 50 crore. "In our research paper, we had found that the registration of MSMEs in two categories — micro and small — is required on a priority basis in the state," said Taneja.
Minocha, however, stressed on the need to integrate marketing and peer reviews into MSMEs. "The MSMEs in Uttarakhand have big potential. Young entrepreneurs should be provided with not just loans but also technological and managerial inputs to hone their skills to develop startups. For this, regular training and a peer review system is required," he said.
The apex bank has compiled data on sick MSMEs and pending loans across the country in order to suggest remedial measures to be taken by the Centre. As per the report, Uttarakhand has 3,446 sick MSME units with a total pending loan of Rs 195.96 crore. The all-India figure for such sick units is 5,16,619, while the pending loan amount is a staggering Rs 33,378 crore.
According to PHD Chamber of Commerce and Industry (PHDCCI), Dehradun chapter, the state has over 2 lakh MSMES with different financial grading. Regional director, Anil Taneja, said: "The 2013 tragedy has hit the state industry, including MSMEs, in a big way. Now many of them have downed their shutters."
The RBI report states that in March 2014, Uttarakhand had 15,810 sick units, while the figure in the corresponding month this year has fallen to 3,446. Similarly, the total debt owed by these sick units has fallen from Rs 1,848 crore in 2014 to Rs 195 crore this year.
Industry watchers in the state have cheered the news but want a host of initiatives from the state government. Industrialist Amit Minocha said: "The number of sick units has come down in the state, but the growth is static. There are hardly new industrial units coming up in the state. Efforts have been made in floriculture, but there is need to provide better warehousing facilities."
Taneja also stressed on the need of registration of MSMEs in the state to provide them more tech knowhow and marketing. In Uttarakhand, micro industrial units are defined as those with financial worth of up to Rs 25 lakh, small industrial units as those with has financial capacity of up to Rs 5 crore and medium industries as those with capacity of Rs 50 crore. "In our research paper, we had found that the registration of MSMEs in two categories — micro and small — is required on a priority basis in the state," said Taneja.
Minocha, however, stressed on the need to integrate marketing and peer reviews into MSMEs. "The MSMEs in Uttarakhand have big potential. Young entrepreneurs should be provided with not just loans but also technological and managerial inputs to hone their skills to develop startups. For this, regular training and a peer review system is required," he said.
TOI
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